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How to Buy Your First Dream House

Updated on October 2, 2012

A house is made of walls and beams, a home is built with hope and dreams.

How to buy your first dream house? I hope this article will give you important information to help you purchase your dream house. Many of us indeed set our sights in acquiring our very first house, as we earn as hard as we could and the same time save a lot. For a house is vital to a family, as it provides us shelter from the elements of nature, a love nest with our sweetheart or darling and a place we are bound to take good care of our kids and raising them to be responsible and productive citizens of our community. Buying a house therefore is important and a lot of factors should be considered while doing this life-changing endeavor, like space, location and cost of buying it. Your house need not look fancy or overly glamorous, for as long as the people that will occupy them are genuine persons, you may consider any home a dream house. What counts most in buying is the satisfaction you will derive from it anyways, and the wellbeing of you and your family.

This can be expensive hehehe... but at least dreaming is free and while doing it try to settle for a house that you can afford and the same time enjoy...
This can be expensive hehehe... but at least dreaming is free and while doing it try to settle for a house that you can afford and the same time enjoy...

Here are some valuable pointers to buy the house of your dreams.

1. Buy from reputable developer, this gives you security since your potential home is built to last and conforms to the standards set by the government, in other words homes offered by these companies are tried and tested.

2. Canvass mortgage loan term. Bear in mind that as far as monthly amortization is concerned, the lower the monthly mortgage, the higher the interest rate could get.

3. Assess what you want and what you can afford. If you have a house which is more than what you can afford this will take its toll on you in the years ahead, as foreclosure will be inevitable.

4. The affordability and marketability of your house must be in equilibrium or must be balance, so that when things will no be okay in the near future as you tumbled upon a financial difficulties, you have an option of selling your house at a higher price.

5. Consider the size of your family. When you are newly married, plan ahead, invest in a home where your future children can each have a room and ample space for them to roam and un around free. It is wiser to purchase a one-bedroom to two- bedroom unit rather than cash on in a studio-type unit.

6. Also keep an eye to the lighting and ventilation of the house you will be purchasing. Window’s standard size should at least be 1.2m by 1.2 m. Windows with ample size enables you to have a good lighting and ventilation.

7. Your home should free from termites. Feel free to ask the house seller(s) if your house was soil poisoned to ward off voracious pests

8. Go for a long-term, fixed home lending rates. Homes are actually considered good debts so as to speak, they provide you shelter and equity in an asset that you can sell in the future, in other words, your house is not just a dream come true thing for you, but also a form of saving.

9. Put your family first before anything else. Cheaper alternative is indeed tempting but remember that the interest and comfort of your family should always come first. Give them a house which they can genuinely call home.

10. Think carefully and objectively. Take your time weighing the factors in buying your house to help you choose the right house for you and your family. Doing things the proper way will aid you in enjoying the dream house you are searching for.

My fifth hub in the November HubChallenge... (Third batch)

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    • Ruby H Rose profile image

      Maree Michael Martin 

      6 years ago from Northwest Washington on an Island

      Lighting and ventilation, yes, very important things to consider. Most importantly, I agree, one that will support the whole family, always good to plan ahead, thanks.

    • GeneralHowitzer profile imageAUTHOR

      Gener Geminiano 

      8 years ago from Land of Salt, Philippines

      Thanks Pdh for the comments...

    • prettydarkhorse profile image

      prettydarkhorse 

      8 years ago from US

      HEY great tips here, i need to have my dream house too soon, Maligayang Pasko Prof,,,,Maita

    • GeneralHowitzer profile imageAUTHOR

      Gener Geminiano 

      8 years ago from Land of Salt, Philippines

      Great addition agusfanani you're suggestions are considered counted... Thank you very much for the supplement and for dropping by...

    • agusfanani profile image

      agusfanani 

      8 years ago from Indonesia

      Another thing to consider is observe the area or environment of the house, make sure it's located at a good area which is free from flood, offers appropriate public and social facilities, etc.

      Thank you for sharing this very useful information.

    • GeneralHowitzer profile imageAUTHOR

      Gener Geminiano 

      8 years ago from Land of Salt, Philippines

      Im glad it helped you in way... Thanks for dropping by dohn121...

    • dohn121 profile image

      dohn121 

      8 years ago from Hudson Valley, New York

      Great hub, GH. You gave some great tips when looking to buy a house. All of us should be aware of the may factors in which to consider. Thanks! Good luck on the Hubchallenge.

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